The village’s revenues are flat, and less money is available from the state, the mayor says.
LOWELLVILLE — Village officials are ready to ask residents for an increase in the village income tax.
A meeting is set for 1:30 p.m. Saturday at the village hall in the upstairs auditorium to explain why, said Mayor Jim Iudiciani.
The village’s 1.5 percent tax has been the same since 1976, Iudiciani said. The village council is considering asking voters for a 1‚Ñ2 percent increase to 2 percent in May, he said. If passed, it would be effective in January 2011.
Last year, the income tax generated $318,000, he said. With the increase, it would generate $400,000, he added.
He said the tax will affect people who work in Lowellville or those who live in the village and work where there is no income tax collected. Senior citizens won’t be affected, he said.
Iudiciani said the village’s revenues are flat, and less money is coming from the state.
He said the village has to have an annual carryover in its budget so that it can have money to match state grants for road, sidewalk, curb and paving projects. He said that at the end of this year, there may not be money for that carryover.
“And with no carryover, it will be hard to come up with funds for matches for projects,” he said.
“We haven’t decreased services,” he added, noting that the village’s five full-time employees have not had a raise in several years.
“We’re doing a lot more with less,” he said. “The fixed costs are rising, and revenue is flat. Money from the state is less and less.”
We want people to come to the meeting and hear the village’s state of affairs,” he said.
Iudiciani said officials also will discuss the issue of renewing the Mahoning County sales tax.